Florida Insurance Calendar: December 13 – 17

 

Following is a listing of insurance-related Florida regulatory events for the week of December 13-17, 2010:

All times are Eastern Time (“ET”).  Additional information is available via hyperlink where noted in bold type.

 

FLORIDA INSURANCE REGULATORY EVENTS

Monday, December 13

• Florida Department of Financial Services (“DFS”) Division of Agents and Agency Services Rule Development Workshop; 10:00 a.m.  Proposed Rule 69B-162.011 would implement provisions of SB 2176 that relate to annuity policy cover pages.  To view the Workshop notice, click here.
• National Association of Insurance Commissioners (“NAIC”) Retained Asset Accounts Working Group meeting; 11:00 a.m.  A draft Retained Asset Accounts Sample Bulletin will be considered for adoption.
• Florida Division of Workers’ Compensation Three-Member Panel meeting; 1:00 p.m. to 4:00 p.m.  Discussion of reimbursement methodology to determine usual and customary charges for hospital outpatient services, among other items.  To view the meeting notice and agenda, click here.

Tuesday, December 14

• Florida Commission on Hurricane Loss Projection Methodology meeting; 9:00 a.m. to 1:00 p.m.  Agenda includes discussion of model submissions received under the 2009 standards and acceptability process, in addition to general business.  Teleconference:  888-808-6959; conference code:  4765251363.  To view the agenda, click here.  
• Citizens Property Insurance Corporation (“Citizens”) Market Accountability Advisory Committee meeting; 11:30 a.m.  Teleconference:  866-526-0550.  To access the meeting materials, click here. 
• Citizens Audit Committee meeting; 2:30 p.m.  Teleconference:  877-260-2826.  To access the meeting materials, click here.
• Citizens Finance and Investment Committee meeting; 4:00 p.m.  Teleconference:  888-277-7951.  To access the meeting materials, click here. 

Wednesday, December 15

• Florida Market Assistance Program Board of Directors meeting; 9:00 a.m.  To view the meeting notice, click here.
  • Citizens Board of Governors meeting follows.  Teleconference:  888-295-6211.  To view the meeting materials, click here.
• DFS Rule Development Workshop; 2:30 p.m.  Proposed Rule 69B-221.051 would advise bail bond agents and other interested persons that its referenced forms can be obtained from the DFS Web site.  To view the Workshop notice, click here.

 

LOOKING AHEAD

 

Wednesday, December 22

• Florida Board of Employee Leasing Companies Board Meeting.  Additional information is forthcoming. Teleconference:  888-808-6959; conference code:  9226020.

Tuesday, January 19, 2011

• Florida Surplus Lines Service Office (“FSLSO”)
  • Audit Committee meeting; 8:30 a.m.  FSLSO annual financial audit performance review.  To view the meeting notice, click here.
  • Board of Governors meeting; 9:00 a.m.  To view the meeting notice, click here.
• Florida Cabinet; 9:00 a.m.  Agenda forthcoming.
  • Florida Office of Insurance Regulation:
    • For final adoption:
      • Proposed Rules relating to the incorporation of a new category of Motor Vehicle Service Agreement Companies called “Motor Vehicle Manufacturers.”
      • Proposed Rule 69O-138.047: Description of Actuarial Memorandum Including an Asset Adequacy Analysis and Regulatory Asset Adequacy Issues Summary.  To view the proposed Rule text, click here.
      • Proposed Rule 69O-162.203: Adoption of 2001 Commissioners Standard Ordinary (CSO) Preferred Mortality Tables for Determining Reserve Liabilities for Ordinary Life Insurance.  To view the proposed Rule text, click here.
      • Proposed Rule 69O-164.020: Valuation of Life Insurance Policies.  To view the proposed Rule text, click here.
      • Proposed Rule 69O-138.001, “NAIC Financial Examiners Handbook Adopted,” would adopt the 2010 NAIC Financial Condition Examiners Handbook.
      • Proposed Rule 69O-137.001, “Annual and Quarterly Reporting Requirements,” would adopt the 2010 NAIC Quarterly Statement Instructions and the 2010 NAIC Accounting Practices and Procedures Manual.
    • For publication:
      • Repeal of Rule 69O-170.105, “Costs, Expenses and Fees of the Arbitration,” which is no longer relevant following a 2008 amendment to F.S. 627.062(6) that removed the arbitration provision.
      • Proposed Rules 69O-157.302,.303,.304, relating to long-term care insurance and new business rates, would be amended to include the new business rates effective for 2011.
      • Proposed Rule 69O-189.007, “Insurer Experience Reporting — Excessive Profits, Workers’ Compensation Insurance,” would adopt a revised workers’ compensation excess profits form, as well as revise the definition of “insurance group” to mean insurers operating under common majority ownership, as opposed to common management.

 

Should you have any questions or comments, please contact Colodny Fass.

 

 

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